@tulipking

That's because the 2022 threadooors were thematically right. The bull case for crypto in 2022 was finance moving onchain and all our projects making a bunch of money. In that environment you'd want to hold asset issuers/custodians, lending markets, derivatives markets, maybe some place to trade yields, aggregators, etc... The reason all those 2022 projections failed was not because the concept was flawed (it's not). They failed because finance didn't meaningfully move onchain & no projects made any money. The 2022 threadooors committed the cardinal sin of just being too early But you need to shake the PTSD and reconsider the original thesis from this new moment in time. Is finance moving on…